Announcement on the Postponement of Certain Fundraising Investment Projects
Lingnan Ecological Cultural Tourism Co., Ltd. (hereinafter referred to as "the Company" or "Lingnan Co.") and all members of the board of directors guarantee that the content of this information disclosure is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
In accordance with the "Self-Regulatory Guidelines for Listed Companies No. 1 - Standardized Operations of Main Board Listed Companies" and the "Regulations on the Supervision of Fundraising by Listed Companies," Lingnan Co. held the 42nd meeting of the 5th board of directors on May 28, 2026, where it reviewed and approved the proposal on the postponement of certain fundraising investment projects. The board agreed to postpone the completion of the "Ningshui Project" (the "Ningshui Project") to before the end of May 2027. The project implementation entity, the purpose of the raised funds, and the scale of the raised funds will remain unchanged. This matter does not require submission to the shareholders' meeting for deliberation.
1. Basic Situation of the Fundraising from Publicly Issued Convertible Bonds
In 2018, the China Securities Regulatory Commission approved Lingnan Co.'s public issuance of convertible bonds with a total face value of RMB 660,000,000. The bonds have a term of 6 years. After deducting underwriting and sponsorship fees, issuance registration fees, and other transaction costs totaling RMB 12,080,000, the actual net amount raised is RMB 647,920,000. The receipt of these funds has been verified by Guangdong Zhengzhong Zhujiang Accounting Firm (Special General Partnership) with verification report number "Guanghui Verification [2018] G18000770290," and all raised funds have been deposited in a special account for management.
2. Use and Status of the Fundraising from Publicly Issued Convertible Bonds
As of April 30, 2026, the planned use and progress of the raised funds from the convertible bonds are as follows: